In August 2015, executives of the bank were sentenced to 18 years in prison for extending illegal loans. Panthongtae is accused of laundering some of that money, although he has said he returned the money he received.

Panthongtae appeared Wednesday at the attorney general’s office and later at the Central Criminal Court for Corruption and Misconduct Cases.

The court granted him bail of 1 million baht and set the date of the next hearing for Nov. 5.